how to trade with trend lines / multiple patterns
Updated
zeel : 196.55
trade set up:
1. buy till 186
2. keep stop loss as 175 on closing basis
3. targets 209/218/242 /260+
technical buy set up :
1. cup & handle
2. trend lines support
3.fibonacii retracement at .786 to .886
4.triangle
note :
a. stock is trading with multiple patterns .
b.trading at lower trend lines support of parallel channel .
c.trading in handle portion of cup & handle in weekly time frame .
d.also forming higher lows & lower highs consistently in triangle .
e.volume part dry to low during price correction & good volumes at price rise .
d.at fibonacii number .786 to .886 zone for good bullish reversal too.
trade set up:
1. buy till 186
2. keep stop loss as 175 on closing basis
3. targets 209/218/242 /260+
technical buy set up :
1. cup & handle
2. trend lines support
3.fibonacii retracement at .786 to .886
4.triangle
note :
a. stock is trading with multiple patterns .
b.trading at lower trend lines support of parallel channel .
c.trading in handle portion of cup & handle in weekly time frame .
d.also forming higher lows & lower highs consistently in triangle .
e.volume part dry to low during price correction & good volumes at price rise .
d.at fibonacii number .786 to .886 zone for good bullish reversal too.
Trade closed: target reached
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